question archive A retailer purchases merchandise with a catalog list price of $15,000
A retailer purchases merchandise with a catalog list price of $15,000
Subject:AccountingPrice: Bought3
A retailer purchases merchandise with a catalog list price of $15,000. The retailer receives a 30% trade discount and credit terms of 2/10, n/30. What amount should the retailer debit to the Merchandise Inventory account? a. $4,500 $10,290 c. $10,500 d. $14,700
